Fair Presentation

Fair Presentation

In International Accounting Standards, the requirement for companies not to obfuscate their financial statements so as to mislead shareholders or the wider market.
References in periodicals archive ?
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Management is responsible for the preparation and fair presentation of these combined financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of combined financial statements that are free from material misstatement, whether due to fraud or error.
68 is deferred, governments in multiple-employer pension plans can expect to receive a modified opinion on the fair presentation of their financial statements, through no fault of their own or of their independent auditor.
In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control.
GAAS requires the auditor to evaluate whether the financial statements achieve fair presentation in accordance with the applicable financial reporting framework.
Establishing a guarantee fund, companies teaming up in larger clusters, opening an agency for stimulating export, providing cheap energy resources and better infrastructure, assisting the companies' fair presentation and raising the number of favorable credits was what the Macedonian businessmen demanded of the Government at the recently held conference for stimulating export.
In making those risk assessments, the auditor considers internal control relevant to the Council's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Council's internal control.
Management is responsible for the preparation and fair presentation of these consolidating financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidating financial statements that are free from material misstatement, whether due to fraud or error.
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company's financial statements did not provide a fair presentation of the Company's finances and operations; (2) Pinnacle Wireless, one of UniTek's subsidiaries, had engaged in fraudulent activities that resulted in improper revenue recognition; and (3) the Company's internal accounting controls were deficient and permitted the improper recognition of revenue.
This is the Agency for Tourism Promotion and Support's fifth fair presentation since the year onset, after promotions in the Netherlands, Austria, Finland and Poland.
The highlight of the joint trade fair presentation, held under the title 'Connected Comfort -- Home Automation for the Senses', was a multi-functional wellness shower: intelligent control technology enabling individual water, light and sound scenarios.
That's not a fair presentation of the policy here, but it is how the political rhetoric shapes up.